Selling or Buying a Flat: Conveyancing Solicitors

If you are buying a flat, or you are considering bulk purchasing new build apartments, the team of experienced residential property solicitors, legal executives and licensed conveyancers at Pannone can provide legal advice on the conveyancing process.

Property conveyancing is extremely complicated; contacting a solicitor with the necessary skills and expertise to advise you during the process is essential if you are hoping for a smooth, stress free transition between properties.

For more information about the conveyancing process, or simply to speak to a residential property solicitor, contact Pannone on 0844 980 1427 or e-mail us and we will get back to you.

How will Pannone Help?

Our team of licensed conveyancers and residential property solicitors will provide legal advice and support at every stage of the conveyancing process. At our disposal, we have:

• the latest case management technology
• substantial experience of sub-selling properties and related tax implications
• extensive knowledge of conveyancing and the ability to ensure that the regulations applicable to new builds and the covenants entered into by developers are met

Buying and Selling Apartments: the Process

When buying or selling a flat, there are a number of financial and legal concerns that must be taken into account if the transaction is to prove successful. These include:

• Reviewing the Lease: Make sure you conduct a thorough review of the lease before you sign it. Consider the duration of the lease, whether you are prohibited from using your new apartment as a business premises, whether there is a limit to the number of people legally allowed to live in the flat and who is responsible for utilities. Ideally your residential property solicitor or conveyancer will be able to advise you during this process, helping you negotiate appropriate terms should you disagree with stipulations made by the existing lease.
• Ground Rent: Before you complete on a purchase, find out how much ground rent is charged on the property. Ground rent is charged by the owner of the land on which the property is built, and is typically paid annually as a lump sum.
• Service Charge: The service charge is paid by all occupiers of a communal building such as an apartment block, and is intended to cover the cost of maintaining the common parts of the building.

Our residential property solicitors will be happy to provide additional information about the legal processes surrounding the buying and selling of existing and new build apartments, and will also be able to highlight potential issues with stipulations made in the lease.

New Build Apartments

The process surrounding the buying and selling of new build property is similar to the buying and selling of existing property, yet there are additional elements unique to new build transactions, and unique to apartments in particular, which must be taken into consideration.

For instance, in new-build, residential property transactions:

• a part is being sold: typically the developer owns the whole area of land or building, and is selling it in the form of apartments or housing plots
• it is the sale or purchase of new property, and there is therefore no chain
• the developer will sometimes adopt a slightly different conveyancing procedure for their own convenience

Contact a Residential Property Solicitor at Pannone

If you are in the process of buying a flat, or you are interested in learning more about the legal issues surrounding the bulk purchase of new build apartments, contact the team of licensed conveyancers and residential property solicitors at Pannone.

Call 0844 980 1427 now or e-mail us to speak an apartment conveyancing expert at Pannone LLP. We are available to take your call twenty four hours a day, seven days a week.